Monday, December 29, 2008

UPDATES ON DEC 29 2008

DEC 29 MONDAY

SHORT TERM TREND : SIDEWAYS

LONG TERM TREND : BEARISH

S1 RS 281 , S2 RS 278 , S3 RS 275

R1 RS 286 , R2 RS 289 , R3 RS 291

The US gasoline inventories rose 3.34 million

barrels last week as per the report of the

Energy Department.

The build in gasoline supplies will put pressure

on the market.

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